Jim Cramer on Autodesk: “We’re Going to Stay Away From the Love Canal That is Enterprise Software”

Group 1 - Autodesk, Inc. (NASDAQ:ADSK) is recognized for its 3D design, engineering, and entertainment software, which is utilized in building information modeling, mechanical simulation, and digital production management [2] - Rothschild & Co Redburn initiated coverage on Autodesk with a Buy rating and a price target of $375, anticipating a growth rate of 5.0% to 5.5% from 2024 to 2027, surpassing the consensus estimates of 3.5% to 4% [2] - Despite the potential of Autodesk as an investment, there are AI stocks perceived to offer greater upside potential and lower downside risk [3] Group 2 - Jim Cramer expressed a negative sentiment towards enterprise software companies, labeling them as "toxic" and suggesting investors should avoid them [1]